Data as of Oct 28, 2026.

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VOX vs VUG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VOX returned −5.7% to VUG's +6.6%; 15% of their weight is in the same names.

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Net assets on Sep 30, 2026: $6.0bn for Vanguard Communication Services ETF and $232.9bn for Vanguard Morningstar Growth ETF.

At a glance
−5.7%
VOX total return, 1 year
+6.6%
VUG total return, 1 year
0.09%
VOX expense ratio
0.03%
VUG expense ratio

Pair scorecard

VUG costs 0.06 points a year less; their one-year returns differ by 12.3 points; VUG is far larger, $232.9bn against $6.0bn.

VOX vs VUG: Differences, Returns & Fees
MeasureVOXVUG
Return
Total return, 1 year−5.7%+6.6%
Drawdown
Below its high10.8%, high on Jan 29, 20264.1%, high on Oct 6, 2026
Benchmark
What it tracksMSCI US Investable Market Index (IMI)/Communication Services 25/50Morningstar US Large Cap Growth Index
Cost and size
Expense ratio0.09%0.03%
Net assets, as of Sep 30, 2026$6.0bn$232.9bn
Holdings
Holdings in common15%
Top ten holdings, share of the fund71.1%63.1%

Holdings in common uses holdings dated Sep 30, 2026. Method

Risk and return

Oct 8, 2004 to Oct 23, 2026 · 1,150 weekly returns
VOX VUG
Return
Total return edge VUG +478.6% +1,279.8%
Annualized edge VUG +8.3% +12.6%
Price return edge VUG +252.8% +998.5%
Risk
Volatility edge VUG (slight) 19.7% 18.7%
Max drawdown edge VUG (slight) −54.8% −49.9%
Risk-adjusted
Sharpe edge VUG 0.41 0.63
Sortino edge VUG 0.59 0.91
Calmar edge VUG 0.15 0.25
Reading

VUG returned more: +1,279.8% to +478.6%. VUG swung slightly less: 18.7% to 19.7%. VUG fell slightly less at its worst: −49.9% to −54.8%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VOX vs VUG: Differences, Returns & Fees
MeasureVOXVUGEdgeHow it is measured
Return
Total return+478.6%+1,279.8%VUGPrice change plus distributions, reinvested.
Annualized+8.3%+12.6%VUGTotal return as a yearly rate.
Price return+252.8%+998.5%VUGPrice change alone, distributions left out.
Risk
Volatility19.7%18.7%VUG (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation13.6%12.9%VUG (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−54.8%−49.9%VUG (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.410.63VUGReturn above Treasury bills per unit of volatility.
Sortino0.590.91VUGReturn above Treasury bills per unit of downside deviation.
Calmar0.150.25VUGAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,150 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

15%

By the books each fund has filed, VOX and VUG hold 15% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

15% in common

Positions both hold · largest shared weight first VOX VUG
Alphabet Inc 13.97% 5.16%
Meta Platforms Inc 25.31% 4.23%
Alphabet Inc 7.70% 4.09%
Netflix Inc 3.77% 0.79%
Space Exploration Technologies Corp 2.88% 0.26%
AppLovin Corp 2.31% 0.24%
Take-Two Interactive Software Inc 1.78% 0.13%
Live Nation Entertainment Inc 1.56% 0.10%
ROBLOX Corp 1.51% 0.10%
Reddit Inc 0.98% 0.08%
MKTLIQ 0.29% 0.05%
AST SpaceMobile Inc 0.84% 0.05%
Only in one fund ↓
Only in VOX
Walt Disney Co 4.26%
Verizon Communications Inc 4.04%
AT&T Inc 4.04%
Warner Bros Discovery Inc 2.73%
T-Mobile US Inc 2.44%
Comcast Corp 2.41%
Omnicom Group Inc 1.23%
Roku Inc 1.18%
Only in VUG
NVIDIA Corp 13.49%
Apple Inc 12.51%
Microsoft Corp 9.74%
Broadcom Inc 4.34%
Amazon.com Inc 4.26%
Advanced Micro Devices Inc 2.66%
Tesla Inc 2.65%
Eli Lilly & Co 2.60%
Check overlap with more funds →

Side by side

VOX Vanguard Communication Services ETF VUG Vanguard Morningstar Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Communication Services Tracks an index of US growth
Total return, 1 year −5.7% +6.6%
Its benchmark over the same days −5.9% (FCOM) not measured
Gap to its benchmark +0.2 pts vs FCOM not measured
Expense ratio 0.09% 0.03%
Already in the S&P 500 84.3% 97.3%
Holdings 113 137
Net assets, as of Sep 30, 2026 $6.0bn $232.9bn

VOX and VUG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-2493EC93D2

VOX and VUG do different jobs. What does each one do in a portfolio?

  1. What each follows. VOX follows MSCI US Investable Market Index (IMI)/Communication Services 25/50 and VUG follows Morningstar US Large Cap Growth Index.
  2. Holdings in common. 15% of the weight is in the same securities (holdings dated Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 VOX returned −5.7% and VUG +6.6% with distributions reinvested, a gap of 12.3 points.

Data as of Oct 28, 2026.

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About each fund
VOX

VOX tracks an index of Communication Services. Over the year to Oct 28, 2026 it returned −5.7% with distributions reinvested, against −5.9% for its benchmark, the MSCI US Investable Market Index (IMI)/Communication Services 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 113 positions, with the top ten at 71.1%. It sat 10.8% below its high of Jan 29, 2026 on Oct 28, 2026.

VUG

VUG tracks an index of US growth. Over the year to Oct 28, 2026 it returned +6.6% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 137 positions, with the top ten at 63.1%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VOX or VUG?
In the year to Oct 28, 2026, with distributions reinvested, VOX returned −5.7% and VUG +6.6%.
Which is cheaper, VOX or VUG?
VUG is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VOX and VUG overlap with the S&P 500?
By their latest filed holdings, 84% of VOX and 97% of VUG by weight is stocks the S&P 500 already holds.
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ETFIQ, VOX against VUG, data as of Oct 28, 2026. https://etfiq.com/compare/any/vox-vs-vug

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